Part III — The Fine History
The STOCK Act imposes a $200 fine for each late disclosure filing.
Below is a complete record of every fine assessed under the STOCK Act, the trade that triggered it, the value of that trade, and whether the fine was collected.
| Member | Trade Value | Fine Assessed | Fine Collected | Source |
|---|---|---|---|---|
| No records to display. | ||||
The emptiness of this table is not an oversight.
It is the point.
Any fine documented in the public record will be entered here with its citation. Know of one? Send it over — with a source.
Case Files
Episodes assembled from the public record. Each line links to its source; nothing is characterized or inferred. This is the enforcement record laid out in order — what was traded, when, and what followed.
Richard Burr
R-NC
February 2020
At the time, Burr chaired the Senate Select Committee on Intelligence and was receiving briefings on COVID-19. What the public record shows, in order:
- Feb 13, 2020 Burr sold stock in 33 transactions, later disclosed in paper filings with the Secretary of the Senate. Senate disclosure, filed Feb 27, 2020 ↗
- Feb 13, 2020 The FBI stated the sales — more than $1.6 million across the 33 transactions — came days before a sharp market decline. FBI, via CBS News ↗
- Feb 2020 The SEC stated Burr had a 50-second phone call with his brother-in-law, Gerald Fauth, immediately after which Fauth directed a sale of shares. SEC court filing, via CNN ↗
- May 13, 2020 The FBI served a search warrant at Burr's residence and seized his cellphone. CBS News, Jan 19, 2021 ↗
- May 15, 2020 Burr stepped aside as chairman of the Senate Intelligence Committee for the duration of the investigation. CBS News, Jan 19, 2021 ↗
- Jan 19, 2021 The Department of Justice closed its criminal investigation without bringing charges and did not publicly explain the decision. CBS News, Jan 19, 2021 ↗
- Jan 6, 2023 The Securities and Exchange Commission closed its investigation of Burr and Fauth without action. Its letter stated only that it did "not intend to recommend an enforcement action"; by policy the agency published no findings. CNN, Jan 6, 2023 ↗
Trade reports: Senate disclosure, filed Feb 26, 2020 · Senate disclosure, filed Feb 27, 2020 · His full record on TheRefsBet
No fine. No charges. No action.
Kelly Loeffler
R-GA
January–February 2020
Loeffler and her husband began selling stock the same day she attended a private, senators-only briefing on the coronavirus. She said the trades were made by outside advisors without her involvement. What the public record shows, in order:
- Jan 24, 2020 Loeffler attended a private, senators-only briefing on the emerging coronavirus threat — three days after the first U.S. case was confirmed. CNBC, May 26, 2020 ↗
- Jan 24 – Feb 2020 Beginning that day, she and her husband sold stock worth an estimated $1.3 million to $3.1 million over about three weeks, and bought shares of a teleworking-software company. CNBC, May 26, 2020 ↗
- May 26, 2020 The Department of Justice closed its inquiry without charges. CNBC, May 26, 2020 ↗
- Jun 16, 2020 The Senate Ethics Committee closed its review, finding no evidence she violated federal law or Senate rules. Forbes, June 16, 2020 ↗
Trade reports: PTR filed Feb 7, 2020 · PTR filed Mar 12, 2020 · PTR filed Mar 31, 2020 · Her disclosed trades on TheRefsBet
No charges. No violation found.
Loeffler said the trades were made by third-party financial advisors without her or her husband's input.
David Perdue
R-GA
2020
Perdue was the Senate's most active stock trader. The Justice Department reviewed a set of his 2020 trades — including a sale that preceded a price drop — and closed the inquiry without charges. What the public record shows, in order:
- Jan 2020 Perdue sold $1 million to $5 million of stock in Cardlytics, a Georgia financial-tech firm, before its share price fell, then bought back in after a leadership change. PolitiFact, Dec 4, 2020 ↗
- 2020 The FBI questioned Perdue; investigators reviewed an email from the company's CEO warning of "upcoming changes" two days before a sale. Fox Business ↗
- Summer 2020 The Department of Justice concluded the email contained no meaningful nonpublic information and closed the inquiry without charges. Investigators did not formally exonerate him. PolitiFact, Dec 4, 2020 ↗
Trade reports: PTR filed Jan 23, 2020 · PTR filed Feb 3, 2020 · PTR filed Mar 3, 2020 · His disclosed trades on TheRefsBet
No charges filed.
Perdue was the most active trader in the Senate; the review covered a subset of those trades.
Know of a documented case — trades, timing, and an outcome, all in the public record? Send it over with the sources. Every claim here is cited or it isn't published.